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12345 [234]
3 years ago
6

A small company borrows 90,000 at 12%compounded monthly.The loan is due in 7 years. How much interest will the company pay?

Mathematics
1 answer:
vagabundo [1.1K]3 years ago
8 0
90,000*0.12 =1,080

1,080*7=7,560

90,000+7,560=97,560
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